US Budget Deficit Goes Up to 1.8 TRILLION Dollars
 

http://news.yahoo.com/s/ap/20090511/...s_obama_budget

What is this 4x the record deficit?

:disgust

they're spending and printing green like there is no tomorrow

Hope and change!!!

http://www.porn-rss-feeds.com/images/obamadebt.jpg

It will cause more panic and allow the socialists to steal yet more money.

Note how GWB is blamed by the current administration.

Doesn't the Obama budget include the cost of the wars in Iraq and Afghanistan which Bush reported differently?

I'm not saying Bush was worse, nor defensing Obama and his big spending, I'm just saying that the actual budget deficit has probably been this big for a few years now, they just didn't report it as such.

You can't have a Reagan without a Carter. Welcome to the normal cycle of politics.

LOL. It isn't like he helped any.

I wouldn't mind the billions and billions of dollars from the Iraq and Afghanistan wars back... or perhaps the money back from the retarded bailouts last fall.

an increase of $500B from the Bush deficit.

bingo... they never included any of that in their budget numbers.

While Bush was quite good for the economy, I don't think he can get away with no blame. Though Obama obviously didn't take history at school because he is repeating the same major mistakes that led to almost every major depression and deep recession .. especially the 1930's one and that long recession Japan endured from doing the exact same thing.

You really do have a bunch of useless wankers in charge over there.

Andrew Jackson is probably rolling in his grave. Under his presidency was the only time in U.S. history that the U.S. deficit was at $0.

Good luck with that. If we can get rid of Stephen Harper, maybe we won't meet at the bottom of the same pork barrel.

:D

I don't even know what the numbers mean...

All I know is all my money in the market is backed by puts cuz me thinks the market is gonna crash harder then 1929

good fuckin video...

It's like why wouldn't things seem kinda normal right now since billions, and billions of dollars has been put into circulation. Sure... I have a couple jobs going forward but that video hit it on the head...

WOW!

Its no longer billions and billions it is now TRILLIONS AND TRILLIONS :mad:

Well I guess with Obamas prediction of MASSIVE deficits running for the next 10+ years he is expecting to stay in Iraq and Afghanistan that long :disgust

Stop bailing out companies that should have gone out of business.

unfortunately, that's not an option.

IF republicans had toed the line on spending when they were in power, they'd have the credibility to oppose the Democrat's spending.

Since they didn't, criticizing it now makes them hypocrites. They're not opposed to deficit spending, they're opposed to what the money is being spent for. (democratic priorities instead of republican ones)

BTW, this year's record deficit includes the one time spending from the stimulus package. A package that the vast majority of economists said was necessary.
Another big reason for the deficit being so large is the decrease in tax revenues that comes with a recession. No sane person could possibly blame the current administration for this recession.

FWIW, this year's deficit number is meaningless in the long term. The biggest long term threat to our fiscal health is the cost of health care specifically, and entitlements in general. We could balance the budget every year for the next 10 years but if we don't reform health care and other entitlement programs, they will bankrupt us not long after that.

I, for one, think we should wait and see what gets done in terms of health care and entitlement reform before passing judgment on the fiscal sanity or insanity of the Obama administration.

With some neat accounting tricks and a bubble economy that was booming on paper, it looked like the Bush administration wasn't so bad vis a vis deficits. Looking back now, we're much worse off financially than we were when he took office.
Let's not miss the forest for the trees is all I'm saying.

That's it. 1.8 TRILLION Dollars? You didn't add the 2.5 Trillion owed to Social Security?

World war 2 ended the depression why was that? Large government spending. if they let all those businesses fail and Im no fan of carrying the scumbags. But if they didnt we wouldnt be online bullshtting about this.We would be wondering where our next meal was coming from because the banking industry would of collapsed. Also if they let the automotive industry collapse if would of had a huge ripple effect. The right can bitch about it now but if it was mccain it they would be doing the same thing. dont kid yourself. Senator Burr(republican) was so scared last fall after a briefing with paulson.he immediately called his wife and said start going to the atm twice a day and take out as much money as possible because they maybe no money to get in a week. So now its safe to throw arrows.

Yall werent bitching about the economy till the last year and a half... gotta remember who had control of congresses and they sure as hell had worse approval ratings..

Still havent accounted in this years budget either.

that's not true at all. bush had dismal approval ratings on BOTH SIDES and this was a huge part of it.

and this is the point... people did nothing but freak out about spending, deficits etc etc.. and here we are. Obama is making Bush look like the miserly grandma and the same people who were bitching all these years are suddenly quiet and suddenly, retarded spending is totally defensible.

Hey, it's not "retarded spending", it's "special spending" ok?

:winkwink:

Good money :)

This deficit will never be paided off in our life times.

That is so much

Sure it will, after WW3 and forgiveness of debt is part of cease fires.

its only gonna go higher

I guess not because we obviously need to spend ALOT more money on public education. Specifically English.

No, dumbass. WW2 did not end the Depression. That's as dumb as saying that we should pay people to break windows and fix them again.

The reason the USA was in relatively good shape in 1946 is because most of Europe and Asia were in ruins. The USA was the only country that didn't have to rebuild itself, so the dollar was strong.

So isn't that basically saying the same thing? WW2 caused these countries to be in ruins and with the US not having to rebuild itself left us with an economic advantage - an advantage we may very well not have had if those countries weren't in ruin.

WW2 leaving these countries in ruins and having to rebuild themsleves = US in a good position because of it = WW2 helped end the depression.

the green ink is running low:helpme

This is exactly the thinking that is fucking over America.

Snake admits the school system is failing so his solution is to throw more money at it. Money fixes everything right? Why is it that Bush spent many more times Clinton did on education and it is still failing?

How about we stop funding failing schools and make it so they are REWARDED when they do well? Or allow vouchers so schools compete for parents and students? I bet you see a turn around in education system within two years with a lot LESS money needed to fund them. :2 cents:

See I think it isnt the schools failing. Now since both parents have to work to make ends meet or single mothers working all the time. There is no one who has time to have interest in their child's education. My mother was to rule with a iron fist to make sure homework and studying was done.